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Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by gher-shyu3i on Wednesday April 14, 2021 @04:48AM (#26804532)
It devalues everyone's hard work, other than the ones who will benefit from it. Then people complain about the wealth gap.
Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by genericuser314 on Wednesday April 14, 2021 @10:39AM (#26807700)
In the United States, most people are in debt. When you're in debt inflation doesn't devalue your hard work... it devalues your debt.

For most people in the United States, some inflation would be objectively positive.

[0]: https://www.bankrate.com/personal-finance/debt/average-ameri...

Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by gher-shyu3i on Wednesday April 14, 2021 @02:51PM (#26811376)
It definitely devalues your hard work, it becomes very difficult to save. Some people don't want to go into debt because they don't engage in usurious transactions.
Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by genericuser314 on Thursday April 15, 2021 @03:06PM (#26824828)
In fact, I've never met anyone who wants to go into debt, and yet here we are in the real world where "The bottom half of Americans combined have a negative net worth,"

[0]: https://www.businessinsider.com/bottom-half-of-americans-neg...

In objective reality, setting aside philosophical objections to usury, since inflation devalues debt as well as savings it is a net benefit to the above mentioned Americans.

Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by gher-shyu3i on Thursday April 15, 2021 @06:21PM (#26826894)
We wouldn't be having this discussion in the first place if people refused to engage in usury.